Nonprofit · EIN 04-2167714
VOLUNTEER YACHT CLUB
Tax-exempt · LYNN, MA 01902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $313,585 | $278,415 | $35,170 | $667,433 | $328,098 | $339,335 |
| December 31, 2022 | 990 | $253,956 | $269,698 | -$15,742 | $675,343 | $371,178 | $304,165 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $165
- Net income from sales of inventory
- $313,420
- Other revenue
- $313,420
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $42,175
- Salaries, compensation and benefits (total)
- $51,439
- Professional fundraising fees
- $0
- Depreciation
- $15,449
Balance sheet and other
- Total assets, start of year
- $675,343
- Total assets, end of year
- $667,433
- Total liabilities, end of year
- $328,098
- Net assets, end of year
- $339,335
- Land, buildings and equipment
- $602,586
- Gross unrelated business income
- $165
- Gross receipts
- $474,523
- Employees
- 15
- Year formed
- 1896
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CONWAY | DIRECTOR Trustee or director | – | $0 |
| BARRY BENNETT | TREASURER Officer | – | $0 |
| TODD BLOODGOOD | PRESIDENT Officer | – | $0 |
| LEAH CHEN | VICE PRESIDE Officer | – | $0 |
| JACKIE EICHEL | REAR COMMODO Officer | – | $0 |
| MICHAEL MATTHEWS | SECRETARY Officer | – | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CONWAY | DIRECTOR Trustee or director | – | $0 |
| ROBIE CUSHING | DIRECTOR Trustee or director | – | $0 |
| CHUCK DOMINICUS | DIRECTOR Trustee or director | – | $0 |
| MICHAEL MACDONALD | DIRECTOR Trustee or director | – | $0 |
| ROBERT BARTOLOMEO | VICE PRESIDE Officer | – | $0 |
| TODD BLOODGOOD | PRESIDENT Officer | – | $0 |
| LEAH CHEN | REAR COMMODO Officer | – | $0 |
| MICHAEL MATTHEWS | SECRETARY Officer | – | $0 |
| SHANE SEAMAN | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 68 LYNNWAY, LYNN, MA 01902-4667
- Principal officer (990 for 2023)
- TODD BLOODGOOD, 68 LYNNWAY, LYNN, MA 01902
- Signed the 990
- TODD BLOODGOOD, PRESIDENT
- Phone
- (781) 595-9770
- Return prepared by
- RIZZO & RESTUCCIA PC
Mission
SAFE BOATING AWARENESS
Program accomplishments
- ALL INCOME WAS DERIVED IN ORDER TO PROMOTE THE PLEASURE, RECREATION AND THE WELFARE OF SAFE BOATING FOR ITS MEMBERS.
- TO PROMOTE THE PLEASURE, RECREATION, AND THE WELFARE OF SAFE BOATING FOR ITS MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2167714
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $667,433
- Income (IRS master file)
- $474,523
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $313,585 | $278,415 | $667,433 | IRS |
| 990 | December 2022 | $253,956 | $269,698 | $675,343 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2167714).
Questions about VOLUNTEER YACHT CLUB
- What is the EIN of VOLUNTEER YACHT CLUB?
- The employer identification number (EIN) of VOLUNTEER YACHT CLUB is 04-2167714.
- Is VOLUNTEER YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1975.
- Are donations to VOLUNTEER YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VOLUNTEER YACHT CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VOLUNTEER YACHT CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VOLUNTEER YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of VOLUNTEER YACHT CLUB?
- The 990 for the year ended December 31, 2023 names TODD BLOODGOOD.
- Who are the officers and directors of VOLUNTEER YACHT CLUB?
- The 990 for the year ended December 31, 2023 lists 6 people; 0 received compensation from the organization.
- How much revenue does VOLUNTEER YACHT CLUB have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $313,585, expenses of $278,415 and total assets of $667,433 at year end.
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